Washington, DC (Thursday, December 22, 2022): Today, the federal government released its quarterly gross output (GO) data, as well as GDP third estimate for the third quarter 2022. The Bureau of Economic Analysis (BEA) revised third quarter real GDP growth … Continued
Washington, DC (Thursday, September 29, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the second-quarter 2022. Inflation-adjusted real GO increased 1.6% in the second period 2022. While this marks … Continued
GDP is slumping, but there’s a better way to gauge the economy. By Mark Skousen Originally appeared in the Wall Street Journal on Aug. 10, 2022 and on wsj.com How can the U.S. be in a recession when the … Continued
Washington, DC (Wednesday, June 29, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 1st quarter 2022. Real GO rose 2.0% (after inflation). Surprisingly, GO was positive while … Continued
Washington, DC (Wednesday, March 30, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 4th quarter 2021. Real GO rose 3.8% (after inflation), which was another indication of a … Continued
Washington, DC (Thursday, September 30, 2021): For the first time in history, total spending in the economy, Gross Output (GO), hit $50 trillion 2021, based on the latest economic data release. Gross Output (GO) is the top line in national … Continued
Take a look at today’s article about the U.S. consumer by Brian Wesbury, chief economist at First Trust Chicago: https://www.ftportfolios.com/Commentary/EconomicResearch/2019/12/2/dont-worry-about-the-us-consumer He uses my gross output (GO) statistic to refute the myth that consumer spending drives the economy. It’s a beautifully written … Continued
The graph below demonstrates that the supply chain in the US (“real intermediate output”) is growing fast, and suggests strong economic growth into 2018. Graph created by David Ranson, HCWE & Co. (www.hcwe.com)
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